Residential mortgage exposure

Residential mortgage exposure means an exposure (other than a securitization exposure or equity exposure) that is:
(1) An exposure that is primarily secured by a first or subsequent lien on one-to-four family residential property, provided that the dwelling (including attached components such as garages, porches, and decks) represents at least 50 percent of the total appraised value of the collateral secured by the first or subsequent lien; or
(2) [Reserved]


12 CFR § 628.2

Scoping language

As used in this part:

Is this correct? or